Extell buying former Carnegie Deli site
Yesterday, workers removed the iconic neon sign outside Carnegie Deli, but the final nail in the coffin comes from the news that mega-developer Extell is buying the pastrami mecca’s former home on a block where they already own two other sites. The Post got word that Gary Barnett’s firm will close on a deal as soon as today for the six-story building at 854 Seventh Avenue. The 79-year-old deli closed on December 31st, but in 2015, Extell paid $9.1 million to owner Marian Harper Levine for their air rights.
Only a few rent-controlled tenants remain in the building, though it’s unclear what, if anything, Extell will do with the site. They’re currently planning a 60-story hotel-condo on the block at 1710 Broadway. Their other site is the assemblage at 842-846 Seventh Avenue; a 29-story residential building was originally planned, but it’s currently on hold. It’s unlikely that the developer will build anything as large as their nearby Billionaires’ Row towers — the 1,005-foot-tall One57 and the 1,550-foot-tall Central Park Tower — considering they don’t own the two adjacent properties. In fact, one theory is that Barnett bought the Carnegie Deli site so another developer can’t put up a tower blocking the views at 1710 Broadway. Other sources tell the Post that Extell bought the building simply because they could: “He grabbed the Carnegie building just because it’s there. The price is peanuts for Extell, although it’s probably worth a fortune to Levine.”
[Via NYP]
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